SANY INT'L (00631) rose nearly 4% in afternoon trading, bringing its cumulative share price increase over the past month to over 60%. At the time of writing, the stock was up 3.87%, trading at HK$15.57, with a turnover of HK$1.05 billion.

CMB International released a research report stating it believes SANY INT'L's mining truck business will continue to make progress. The report forecasts that this business will contribute 15% to 16% of total revenue between 2026 and 2027. It is further expected that large mining trucks, which have higher value and better profit margins, will maintain strong growth. Additionally, the report highlights high certainty for revenue growth and margin improvement in the large port machinery business, supported by an order backlog exceeding 12 months. CMB International has raised its profit forecasts for 2026 and 2027 by 3% and 9%, respectively. The target price has been increased from HK$8.9 to HK$20.6, with a maintained "Buy" rating.